sparkly wrote:Ericsson wrote:FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5
Link?
https://kenyanwallstreet.com/nation-media-fy-2019-earnings-decline-18-5-to-ksh-856-million/Nation Media Group recorded a fall in net earnings of KSh 856 Million down from KSh 1.1 billion the previous financial year.
Turnover also declined to KSh 9.1 billion in 2019 from KSh 9.7 billion the previous year. Gross Profit declined from KSh 1.6 billion to KSh 1.3 billion during the period under consideration.
Total comprehensive income declined to KSh 826.6 Million from KSh 1.1 billion. Directors of the media house attribute this poor performance to higher prices of newsprint and a reduction in advertising spend due to an adverse business environment.
Directors have recommended a bonus share issue of one share for every 10 held in the capital of the company. These new shares will not qualify for payment of any dividend for the year 2019.
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